By: Zillow Team | November 6, 2009
It’s jobs and wages, not growth in the GDP that will really spur the housing recovery, Zillow’s Spencer Rascoff told Forbes. Spencer regularly participates in panel discussions on Forbes.com. Other participants include Donald Trump, Jr., Michael Feder of Radar Logic and Pat Lashinsky of ZipRealty.
This time, the discussion centered around whether a weak housing market [...]
By: Stan Humphries Chief Economist | November 5, 2009
On a 403-12 vote today, the House of Representatives approved a measure to extend the $8,000 first-time homebuyer tax credit, along with a $6,500 tax credit for repeat homebuyers who have lived in their current homes for at least five years. The Senate has already approved the bill, and the President is expected to [...]
By: Katie Curnutte Zillow PR Manager | October 23, 2009
With so much housing market data showing marginally better news these days, there’s been a lot of buzz lately about a housing market recovery. But is recovery in the near future a realistic expectation? Zillow Chief Economist Stan Humphries talked to Alison Rogers of CBS Moneywatch about the housing market drivers that could stimulate or [...]
By: Stan Humphries Chief Economist | October 12, 2009
For the first time since the middle of 2006, home values nationally were essentially flat on a month-over-month basis, with values declining just 0.1% from July to August. The annual change in home values for the US was -7.6% in August with the Zillow Home Value Index dropping to $191,200, its lowest level since April [...]
By: Sara Bonert Director of Broker Relations | October 9, 2009
A few weeks ago we announced the relaunch of our Local Pages to be richer in local data and easier to customize.
Now we’ve taken it a step further and made it easy to embed this information on your blog or website with the click of an ‘Embed’ button. Watch this video to learn more.
By: Stan Humphries Chief Economist | October 8, 2009
Recently, there’s been a fair bit of anecdotal discussion around the assertion that foreclosures, once a problem just for the sub-prime segment of mortgages, have been moving up-market. That is, people are suggesting that we’re seeing more foreclosures in the mid- to high-end segments of the market. We thought we’d crunch some numbers [...]
By: Katie Curnutte Zillow PR Manager | October 8, 2009
Buyers negotiated slightly smaller deals in August than they did in July, negotiating 3 percent off the last listing price of a home, rather than 3.3 percent in July, according to Zillow’s August Real Estate Market Reports (which will be up on the site next week). That translates to a median discount of $6,525, as [...]
By: Stan Humphries Chief Economist | September 23, 2009
Today we announced the results of a recent survey, which Zillow conducted with Harris Interactive, asking prospective first time homebuyers how an extension of the $8,000 tax credit would influence their decision to buy a home next year. If the credit were extended, of those who intend to buy a home, 18 percent called the credit the “primary [...]
By: Drew Meyers Zillow Business Development Specialist | September 10, 2009
Have you looked at the incredibly deep data on Zillow’s revamped Local Pages? If you haven’t yet, I’d highly encourage you to do so. Using Seattle data, here’s a sampling of what you can see:
median value per square foot
the percentage of homes sold for gain
the Zillow Home Value Index
… and tons more
Embed home value data
Now, [...]
By: Stan Humphries Chief Economist | September 10, 2009
Home values continued to show encouraging signs in new data released for the July 2009 time period with the Zillow Home Value Index (ZHVI) down 9.9% from its level one year ago compared to a 10.5% and 11.9% annualized depreciation rate at the end of June and the end of the first quarter of 2009 [...]
